Banjo's Bakery Franchise Business for Sale

Company overview and history

  • Founded in 1984 in Launceston, Tasmania
  • Over 40 stores across Australia, including Tasmania, Victoria, New South Wales, Queensland, and South Australia
  • Committed to providing a quality bakery experience using traditional techniques
  • Focuses on freshly made, handmade products in every store, every day
  • Continually evolving brand and products to meet consumer demand while staying true to roots
  • Recently introduced fast and fresh drive-thru bakery model

Product/service offerings

  • Freshly baked breads and pastries
  • Cakes and desserts
  • Signature pies and sausage rolls
  • Coffee and beverages
  • Catering services
  • Dine-in, takeaway, and drive-thru options
  • Sustainably grown coffee
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Target market and industry trends

  • Target market: Local communities, families, and individuals seeking quality baked goods
  • Industry trends:
    • Growing demand for fresh, preservative-free products
    • Increasing focus on community engagement and social responsibility
    • Rise of convenience options (e.g., drive-thru)
    • Emphasis on sustainability and eco-friendly practices

Ongoing fees (royalties, marketing fees)

  • Royalty fee: 10% of gross sales, payable weekly
  • Marketing fee: Not explicitly stated, may be included in royalty fee

Training and support provided to franchisees

  • Comprehensive initial training programme (4-9 months full-time)
  • Ongoing support in operations, marketing, and product development
  • Access to proprietary recipes and production methods
  • Assistance with site selection and lease negotiations
  • Marketing and promotional support
  • Regular performance reviews and business development assistance
  • Access to experts in Information Technology, Human Resources, Marketing, Procurement, and Research and Development
  • Regular communication sessions and meetings

Day in the life

While specific daily routines may vary, a typical day for a Banjo's Bakery and Cafe franchisee might include:

  • Early morning (4:00 AM - 6:00 AM): Arrive at the store, oversee baking of fresh products for the day
  • Morning (6:00 AM - 11:00 AM): Manage breakfast rush, ensure quality control, handle customer service
  • Midday (11:00 AM - 2:00 PM): Oversee lunch service, manage inventory, place orders for supplies
  • Afternoon (2:00 PM - 5:00 PM): Handle administrative tasks, staff management, and marketing activities
  • Evening (5:00 PM - 7:00 PM): Review daily sales, plan for the next day, close the store
  • Throughout the day: Ensure high-quality customer service, maintain cleanliness and hygiene standards, and address any operational issues
  • Regularly: Implement local marketing strategies, analyse sales data, and stay updated on industry trends

Franchisees are expected to be hands-on in the business, especially during the initial stages, to ensure smooth operations and maintain Banjo's brand standards. The franchise requires a full-time commitment and divesting from any other competing business interests.

Staffing requirements

While specific staffing requirements are not detailed, a typical Banjo's Bakery and Cafe franchise might require:

  • Store manager
  • Bakers and pastry chefs
  • Front-of-house staff for customer service
  • Kitchen assistants
  • Delivery drivers (if catering services are offered)

The exact number of staff will depend on the store's size, location, and operating hours.

Location requirements and territory information

  • Strategic locations in high-traffic areas
  • Preference for shopping centres, strip malls, and busy commercial districts
  • Drive-thru locations available
  • Exclusive territories may be available (to be confirmed with Banjo's)

Assistance with site selection and lease negotiations

Financing options available

Information on specific financing options is not provided in the franchise information pack. Prospective franchisees should inquire directly with Banjo's Bakery and Cafe about potential financing assistance or explore traditional business loan options. Start by reaching out using the "Send Enquiry" function on Hattch.

Franchisee qualifications and experience required

  • Strong business acumen and management skills
  • Passion for the food industry and customer service
  • Financial capability to meet investment requirements
  • Willingness to follow Banjo's system and brand standards
  • Ability to create successful, high-performance environments
  • Energetic, resilient, and able to lead by example
  • Commitment to being a proud brand ambassador
  • No prior bakery or retail experience required

Unique selling propositions and competitive advantages

  • Fresh, preservative-free products baked daily on-site
  • Strong community engagement and charitable contributions (over $11 million worth of products donated annually)
  • Established brand with over 35 years of history
  • Comprehensive training and support system for franchisees
  • Unique signature products (e.g., specialty pies)
  • Focus on quality ingredients and traditional baking methods
  • Drive-thru convenience option
  • Sustainably grown coffee
  • Continuous product development and innovation

Challenges and potential risks for franchisees

  • High initial investment compared to some other food franchises
  • Competitive bakery and cafe market
  • Dependence on the franchisor's supply chain and product development
  • Potential challenges in maintaining consistent food quality across locations
  • Economic factors affecting discretionary spending on dining out
  • Changing consumer preferences and dietary trends
  • Requirement to divest from other competing business interests

Testimonials or success stories from current franchisees

  • Natasha Turner & Derek Armstrong, Banjo's Warana: "We love being part of an Australian success story like Banjo's, we're so glad to have been able to get this opportunity. The business is easy to learn and the ongoing training and support is practical and friendly."
  • Matt, Banjo's Multi-Site Franchisee: "I find being a Banjo's Franchisee a rewarding experience. I have grown over 20 years to have 6 bakeries across Tasmania, Victoria and Queensland. With the support and guidance of the Franchisor and following their system I can enjoy a mutually beneficial outcome."

Application process and next steps for interested parties

  1. Reach out to Banjo's Bakery and Cafe using the "Send Enquiry" function on Hattch
  2. Complete application form and compatibility profile
  3. Review financial information and complete cashflow template
  4. Meet with the Banjo's team
  5. Conduct due diligence (review Franchise Agreement, Disclosure Document, and Franchising Code of Conduct)
  6. Meet with existing franchisees and visit a site
  7. Meet with the CEO
  8. Sign Franchise Agreement
  9. Complete training program
  10. Store setup and grand opening

Franchise Overview

Number of Franchises: 10

Number of Franchise Locations: 36

Number of Corporate Locations: 6

Franchise Partner Type: Owner Operator

Investment Range: $300K - $500K

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